Which of the Following Did the Treaty of Paris Stipulate

question 58

Multiple Choice

Which of the following did the Treaty of Paris stipulate?

• A) Mexico was to become independent from Spain.
• B) Americans had the right to fish in waters off Canada.
• C) Loyalists were to surrender their property to the new state governments.
• D) The West Indies were to become a colony of the new United States.
• E) Native Americans were to be guaranteed land east of the Mississippi.

---

Definitions:

Marginal Revenue

The increase in revenue resulting from the sale of one additional unit of product.

Demand Schedule

A table that shows the quantity of a good or service demanded at different prices.

Natural Monopolist

A single firm that can supply a good or service to an entire market at a lower cost than could two or more firms, leading to a natural monopoly situation.

LRAC Curve

The Long-Run Average Cost curve, showing the lowest average cost at which a firm can produce any given level of output in the long run when all inputs are variable.